On Monday I've written about the importance of the 1780-1790 zone and yesterday the yellow metal managed to close above this zone.
Although we do not have a strong move up above this level bulls seem in control at this moment and today's NFP could be the trigger for more upside and a rise above the important 1800 physiological figure.
Zooming in to H1:
As I said yesterday, a break above the short-term consolidation between 1755 and 1770, would expose the previous 1786 high, but more importantly, would give us a perspective for the next few days.
That being said, my outlook is now bullish and I will look to buy dips. Medium-term traders can target the 1850 zone for their buy trades with negation under this week's low.
Also here is my yesterday's outlook:
Although we do not have a strong move up above this level bulls seem in control at this moment and today's NFP could be the trigger for more upside and a rise above the important 1800 physiological figure.
Zooming in to H1:
As I said yesterday, a break above the short-term consolidation between 1755 and 1770, would expose the previous 1786 high, but more importantly, would give us a perspective for the next few days.
That being said, my outlook is now bullish and I will look to buy dips. Medium-term traders can target the 1850 zone for their buy trades with negation under this week's low.
Also here is my yesterday's outlook:
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